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In Long-Term Stock Picking, Conviction Beats Activism
Novus researchers find activists’ stocks beat the market over time but by less than the most popular hedge fund holdings.
Everyone loves activist funds right now. Ask investors why and they’ll say it has to do with performance, performance, performance: In a market that may be close to its peak, fund managers who are good at picking undervalued stocks can still reap great rewards. But it turns out that activists haven’t
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